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of congress will meet with president obama at the white house. it could be the last shot to avoid going over the so-called fiscal cliff. but is the meeting just for show or could we really truly be close to a deal? doug is live in washington with more details, what are we in for? >> to be a fly on the wall in this meeting. these are the players that will be there today. the president with congressional leaders from both parties to see if they can get something done. it may be substantive, it may be window dressing. >> any time you announce a meeting publicly in washington, it's usually for political theater purposes. nothing good ever comes from it. there is one thing you have to do in politics. if the president meets with a foreign leader, you want to make sure you know what's going to happen at the meeting. when the president calls congressional leaders to the white house, it's all political theater or they've got a deal. my bet is all political theater. >> kelly: well, we will see. >> congress thee receipticcally could get something done. we saw the congress work yesterday. the house is g
or grow the economy. there has been very little discussion about growth. congress did something great and president obama signed it. it was called the jobs act. it was about growth and a lot of growth through innovation. what it did is made easier forebitt entwhistles to raise money. they could crowd funds, go out to more people before having these commission regulations, they could do many other things they couldn't do under the present law. but it did require the security and exchange commission to issue some rules. it turns out those rules have still not been issued. it's been about a year now and they've been held up because the chairman of the sec, chairwoman, shapiro, no relation to me, decided to sit on them because she was concerned about her legacy, according to some e-mails. >> dave: here is what patrick mchenry, congressman said about all of this. quote, a direct result of pressure from one special interest group and the personal agenda of the chairman. where does this go from here? has it just been permanently shelfed? >> no. it can't be permanently shelfed because there i
of schatz is flying to washington with president obama he is expected to be sworn in later. those are the headlines for you. >> clayton: we'll talk the scal cliff. today is the twenth. a few days left for congress and the president to get their act together. the president took a red eye flight back from hawaii. why did congress and the president go on raication at all. >> yeah, we all go to work. >> there is nothing on the table . kelley. >> a lot of people feel they are left in the lurch by the president and congress. and they didn't get the job done . here's what we are facing. we are teetering on the edge of the fiscal cliff. there are many members in congress who disaagree raising of tax. the president had gone up to $400,000 when house speaker boehner would raise the tax hikes . but the sticking point is enments and spending. >> clayton: the republicans saying that the president and democrats not forth coming enough on entitlements. here's what will unfold in a few short days as we break this down to you. >> put your seat belts on, people. >> clayton: tax rates will hit these
with our colleagues and the congress and the white house on a plan that forgets families and businesses. >> we don't know if president obama will make it back to hawaii to finish his family vacation. we're told it all depends how negotiations go. back to you. >> gretchen: peter doocy live in d.c thanks very much. >> rick: are you ready for your taxes to go up? we've been talking about the fiscal cliff and we know that potential huge tax increase for us. even if they come up with a way, your taxes are going up. >> clayton: because of obamacare and the spending we're about to put forth for that is going to go into effect in 2013. we went through this. we'll start at the top because a 3.8% surtax on investment income will take place. 3.8% on individuals for $200,000 or married couples with a $250,000 a year income. >> gretchen: also a cap on the flexible and spending accounts that maybe you have become accustomed to. remember those are tax free dollars you can take out of your paychecks ahead of time to pay for medical expenses and even in some cases, daycare. there is going to be changes
Search Results 0 to 3 of about 4